What's Going On With Sphere Entertainment Stock After U2 Debut Concert?

Sphere Entertainment Co. SPHR shares are trading higher Monday after its debut concert was held this weekend in Las Vegas, NV.

What To Know:

U2 performed this past weekend at the Sphere at the Venetian in Las Vegas in its debut concert series. The event created a buzz in the media, as stunning visuals from inside the venue dazzled consumers and investors alike. 

Shares of SPHR are up on heavy trading volume Monday. According to data from Benzinga Pro, more than 1.4 million shares have been traded on Monday, compared to the stock's 100-day average of just over 529 thousand shares.

Sphere Entertainment's stock has attracted attention from retail investors and short-sellers as well.  The ticker is currently among the top trending on Yahoo! Finance and 11.76% of available SPHR shares are being sold short. 

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SPHR Price Action: According to Benzinga Pro, Sphere shares are up 14.5% at $42.55 at the time of publication.

Image: Alexa from Pixabay